Posted on 09/28/2012 1:29:00 PM PDT by John W
RICHARDSON, Texas (Reuters) - The United States is "drowning in unemployment," its economy is running at stall speed and inflation is "not a problem," but easier monetary policy is not the answer, one of the Federal Reserve's most hawkish policymakers said on Friday.
"We've had a recovery that is quite disappointing," Dallas Fed President Richard Fisher told a group at the University of Texas at Dallas.
But without more certainty on tax policy and regulation, he said, "all the monetary accommodation in the world" will not get businesses hiring again.
(Excerpt) Read more at news.yahoo.com ...
A term Romney needs to establish.
But no one could have possibly done any better.
Welcome to the Era of Diminished Expectations and the official end of American greatness.
No, no, no, no, no - the economy’s on the mend, employment is up, and, anyway, you can’t expect Obama to fix everything in only four years, right?
unexpectedly
Granted there were 4.3 million jobs lost in Obama's first year in office, but since 2010 he's "created or saved" 4.4 million jobs!
According to CNN/Yahoo yesterday, that makes Obama a Job Creator!
Unfortunately he didn’t say anything about Trade.
IMHO Bernanke and the Fed have been Obama and Reid’s enablers.
After stimulus #1 and easy money failed, the Fed should have demanded fiscal restraint.
This week new jobless claims "unexpectedly" dropped to 352,000 from last weeks 382,000 (and the 0bamaloons were crowing about the "improvement"!). If you calculate on a four week month that's about 1.5 million jobs lost per month. That's huge! If you are one of the unfortunate ones, it is more than huge!
Inflation is “Not a problem”?!?!?!
Energy, food...
nope, no problems here.
I just came from the grocery store and let me tell you-inflation IS a problem.
Obama cone.
So the polls tell us incessantly a majority of the American people love 0bama and think he is the answer?
We need four more years of this? I don't think so!
Trying to push a string down the road.
So the polls tell us incessantly a majority of the American people love 0bama and think he is the answer?
I guess I still hold out hope that this will be a ‘Chick-A-Fil’ type election. That is, the MSM tells us one thing, while the actual vote proves them wrong. We’ll see.
8%?? Those are BLS Liars Numbers. The real unemployment is near 23%. Those are depression era unemployment numbers. The BLS numbers for U6 are about 16%. He is right, we are truly in uncharted waters.
beyond that, its irrational to me that the number of "conservative" or "republican" or "military" or "white guilt" or "isn't it great our first sort of black president" crowd will do it again....even if its just a couple of million votes, Romney will win....
but it is what it is.......all I know is if we don't vote, or we vote third party, then we can not complain when we are in WW3 or our 401's are confiscated, or they go house to house searching for guns....
Buck up people...
the other thing...is I do not answer polls and neither do the two people I live with...I expect alot of independents and conservatives don't either....
That's it. Will anyone listen?
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